Buying a second property is an investment that enables you to save money while you are travelling, get to know a community better, and make money. During global political instability, one of the most reliable assets you can purchase is a property. Although property prices fluctuate, the property market is much more predictable than investing in bonds and shares. Buying a holiday home can also be an excellent moneymaker if housing prices rise after you make your purchase and while you are not using the property you can rent it to other holidaymakers online with ease through popular home rental apps. Here are some of the best locations for a holiday home this year.
Bilbao
Nestled in the French and Spanish border, Bilbao is the ideal location for a holiday. The city handles tourism with efficiency, and it prevents loud and disrespectful tourists from gracing its shores. This vibrant hub is just a stone’s throw from the seaside and close to the sea. The location will be fulfilling all year round because you can enjoy a skiing holiday in the colder months and soak up some sun from May to October. Bilbao is an undiscovered gem hidden in the Basque Country – resulting in competitive property prices and the potential to make a considerable return on your investment.
Athens
Hailed as the birthplace of democracy, Athens is the ideal location for a holiday home. Whether you are interested in ancient history, mountain walks, or rooftop bars, this metropolis has something for everyone. Athens is also only a short metro ride from Piraeus, a harbour connecting you to the stunning Greek islands, so you can enjoy the vibrant country’s beaches whenever you want. People are cautious about buying property in Greece; however the country has been stable for a number of years now and the economy is recovering, and that is why you should purchase a property now before prices start to climb.
Inverness
Many people imagine a holiday home to be a sunny paradise abroad. However, there has been a rise in British people staying in the UK rather than holidaying in expensive locations across the world. Buying a property in Scotland means that you can drive to your holiday home, or just take the train. Inverness has excellent transport links, and it will be a stepping stone to the breathtaking Scottish Highlands where you can enjoy calming sea walks, unusual animals, and dramatic mountains. Purchasing a holiday home is a lot simpler than buying a home abroad, and you will save money on the smaller details of your trip, such as travel and exchanging money.
Lisbon
Portugal’s capital is a hive of colour and music. This European country is extremely popular with homebuyers from across the world because the housing market is so reasonable. It is not difficult to find an affordable property by the beach – this can also be used as a lucrative property rental and enables other holidaymakers to enjoy your slice of paradise.
There you have it: the best cities to buy a property in 2020
